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The purpose of this blogpost is to educate new investors and to remind seasoned investors about what they really own in their investment portfolios: equities.
A diversified portfolio that includes all facets of the world economy helps us to spread our risk around, and it encourages us to stick to our plan. It also acknowledges that there is no “right” answer. Routine savings and committed investing to a diversified portfolio that takes into consideration the quality of its holdings IS the plan. As investors, we can be easily overwhelmed by asset options. Propel advisors have spoken on that subject countless times over the years in individual client meetings, in our blogposts, on our webinars, and through our podcast. We keep talking about it because it’s true, and it’s also one of the primary ways an investor makes or loses money.
In light of the recent bank closures, advisors Amanda Vaught, JD and David Vaught, CFA created a short video explaining the recent bank runs on Silicon Valley Bank and Signature Bank. They discuss: The regulatory environment that led to their collapse, The FDIC response, What this could mean for the Fed hiking rates, and How we think investors should think of the recent news.
The debt ceiling, the Fed, and continuing issuance of Treasury bonds appear daily in our news today. Their historic roots tell us something about how they have worked, or failed in the past. President Lincoln faced the daunting task of the Civil War with a traitorous military rebellion, a traditional limited federal budget, and a not yet complete national banking system. How he and his Treasury Secretary, Salmon Chase, confronted this multi-front crisis tells us a great deal about the successful origins of our financial system today.